IBPS RRB PO Mains 10 Sep 2023 Paper

Question : 196 of 200

Marks: +1, -0

Ritesh lends certain amount of money to Suman on compound interest for 2 years at the rate of 20% per annum. Find the amount of interest earned by him.
Statement I: Rs. 8000 will be earned if the same sum is invested on simple interest at the rate of 8% per annum in 4 years.
Statement II: The sum becomes 3.5 times if invested on simple interest at the rate of 25% per annum after 10 years.

Statement II alone is sufficient to answer the question.
Statements I and II together are required to answer the question.
Either statement I or statement II alone is sufficient to answer the question.
Statement I alone is sufficient to answer the question.
Both Statements I and II together are not sufficient to answer the question.

Validate

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